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Producer prices rise slightly in January

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Producer prices rise slightly in January

0.1% increase follows a 0.2% decrease in December.

The seasonally-adjusted Producer Price Index for final demand unexpectedly increased 0.1% in January, the U.S. Bureau of Labor Statistics reported today.  This follows a 0.2% increase in December, and a 0.3% increase in November.

Analysts had expected the PPI to fall 0.2% during the month.

The results were largely attributed to increases in wholesale machinery and equipment, countered by falling oil prices and a strong US dollar.

In the 12 months through January, producer prices fell 0.2%, compared to analyst expectations of a 0.6% drop.

Producer prices excluding volatile food and energy costs increased 0.2%, after a similar increase in December.  This key measure was up 0.8% over the last 12 months.

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